Posted on 08/05/2015 4:27:17 AM PDT by dennisw
The world's most valuable public company saw its stock price drop for a fifth straight day on Tuesday
Apple shares are down 14 percent since closing at a record $133 in February That loss breaks down to $113.4billion in paper wealth
iPhone sales were not as good as some analysts predicted, and the lukewarm forecast for the current period is causing the drop
World's most valuable public company saw its stock price drop for a fifth straight day on Tuesday, falling as much as $5.19 or 4.4 percent, to $113.25 as investors fretted over China's economy and whether Apple can keep growing at the pace it's maintained over the last few quarters.
Apple shares are down 14 percent since closing at a record $133 in February. That puts Apple in a 'correction,' which is Wall Street jargon for price declines of 10 percent or more from a peak.
That loss breaks down to $113.4billion in paper wealth according to USA Today.
The stock also dropped below its 200-day moving average, a technical indicator that traders use to gauge momentum.
Shareholders are also worried about recent hiccups in China's economy, because the country is viewed as one of Apple's biggest markets for expansion, said Daniel Ives, a managing director and senior analyst for FBR Capital Markets.
He added that investors are looking ahead to the December quarter, which is traditionally Apple's strongest. The company sold 74 million iPhones during that period last year, a 46 percent jump. But it will be more difficult for Apple to show that kind of growth again.
Apple is now a 'prove me' stock for some investors, said Ives, although he added that new products like Apple Pay and the expected release of new iPhone models this fall could give the company a boost.
(Excerpt) Read more at dailymail.co.uk ...
I have been posting that all that paper wealth getting wiped out in China’s plummeting stock market would make Apple sales bomb out in China and all of Asia.
China stock market is down 33% and Apple shares will exceed this. My opinion and prediction
Yikes!
Ping
http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=2354:TT
Foxcomm is down 25% in the last 40 day. Foxcomm is Apples Chinese mega-factory partners where the workers are driven. Some have called it slave labor
iCrash.
“Stocks will fluctuate.”
—JP Morgan
MacBooks are way overpriced. You can get a $600 laptop for with the same specs (pretty much) as a $1200 MacBook Pro. Maybe people are wising up. This can’t be helping sales.
Major customers of Foxconn include or have included:
Acer Inc. (Taiwan)[49]
Amazon.com (United States)[8]
Apple Inc. (United States)[50]
BlackBerry Ltd. (Canada)[51]
Cisco (United States)[52]
Dell (United States)[53]
Google (United States)[54]
Hewlett-Packard (United States)[55]
Huawei (China)[56]
Microsoft (United States)[57]
Motorola Mobility (United States)[53]
InFocus (United States)
Nintendo (Japan)[58]
Nokia (Finland)[50][59]
Sony (Japan)[60]
Toshiba (Japan)[61]
Xiaomi (China)[62]
Vizio (United States)[63]
300 should get the average slob more than enough lap-top.unleess one wants to impress those around
It's not certain what tipped the balance for Xiaomi, although big phones like the Mi Note (shown above) likely helped. That leadership might not survive for much longer, however. As IDC warned earlier, the days of a rapidly expanding Chinese phone market appear to be over. Vendors are mostly trying to poach customers from each other, rather than enticing first-timers who are finally well-off enough to buy a smartphone. In a volatile climate like that, it might only take one hit phone (or a spectacular flop) to shake things up.
FoxComm better check their suicide netting. It could get ugly.
300 should get the average slob more than enough lap-top.unleess one wants to impress those around
You can find good laptops by Toshiba and other reputable manufacturers at that price. By good I mean at least 4GB memory and a CPU with a 1600 or higher passmark score. Add Windows 10 to this and its even better. My own preference is for the CPU to have a 2300 or higher passmark score
To find out a CPUs passmark score just do a search for >>> the CPU name + passmark such as this one for an i3 4130 processor >>> i3 4130 passmark >>>>> passmark Score is 4793
Performance and price comparison graphs for Intel Core i3-4130 @ 3.40GHz
Score is 4793
IMO any company that goes up fast had a very good chance of going down fast. This isn’t ExxonMobil who has decades of relatively stable growth and value.
Foxcomm for Fox Communists
I’m not about to pay $700 for an unlocked iPhone. Too much $$
True, but for reasons other than raw demand.
Over the last 5 years, the advancements in processor technology miniaturization have slowed. We've reached a point where physical gates can't get any smaller without "leaking." New advancements in graphene layering and optical processing are making for interesting concepts but are not translating to factory floor manufacturing yet.
As such, most home users are enjoy similar speed and response on systems that are 5+ years old. The need to upgrade a home machine nowadays is greater than 5 years, on average. Even modern tablets and phones are lasting longer thanks to more resilient materials.
Combine this with a slumping global economy and record unemployment (REAL unemployment, not the trumped up BS numbers released monthly), and you have a recipe for slumping sales due to reduced demand.
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